David Ackerman v. Mario F. Kassar, and Carolco Pictures, Inc., Nominal v. Morton Richberg, Intervenor-Appellant

5 F.3d 534 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. David ACKERMAN, et al., Plaintiffs-Appellees, v. Mario F. KASSAR, et al., Defendants-Appellees, and CAROLCO PICTURES, INC., et al., Nominal Defendants-Appellees, v. Morton RICHBERG, Intervenor-Appellant. No. 91-56521. United States Court of Appeals, Ninth Circuit. Argued and Submitted June 8, 1993. Decided Aug. 26, 1993. Before KOZINSKI, SILER * and KLEINFELD, Circuit Judges. 1 MEMORANDUM ** 2 Richberg appeals the district court's approval of the proposed settlement of a shareholder derivative suit. We affirm. 3 I. Facts. 4 Carolco bought $45 million of its own stock from a company set up by its chief executive, Kassar. The Ackerman group of shareholders filed a derivative suit in California state court, claiming that the purchase was an improper attempt to benefit Kassar, at the expense of his company. The company and Kassar defended on the ground, inter alia, that a disinterested committee of the board of…